I guess this'll teach me to ignore meta for a few days. ;)
This bothers me primarily because HopelessN00b is loud and brash and confrontational, and ran on a platform of, to put it n00b-ily, "slamming crap closed." He was duly elected, despite many SE employees (including you, Shog9) saying you thought it was a terrible idea because he's loud and brash and confrontational.
I think it's perfectly reasonable for HopelessN00b to conclude that the people who elected him wanted him to "slam crap closed."
Should he "slam crap closed" unilaterally without informing anyone that he's going to close 500 questions? Probably not. Is it reasonable for him to think that he was elected to do precisely that? Maybe. Maybe not. It's academic at this point.
I think it would smell better, however, if one of the SE employees who hadn't publicly campaigned against a moderator during the election cycle wasn'twas the one to temporarily strip him of his mod privileges.